Old Mutual released its Q3 Interim Management Statement. Total Q3 gross sales increased by 31% to £8,103m thanks to 45% growth to £5,502m in Old Mutual Wealth. Emerging Markets' gross sales grew only 8% to £2,601m. In 9M, total gross sales increased to £23,682m (+26%). In Q3, covered business APE and Non-covered business sales increased in Emerging Markets by 19% to R3,174m and 15% to R36,100m, respectively. FuM reached £319.4bn, perfectly stable relative to Dece
05 Nov 2015
The African sun continues to shine
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The African sun continues to shine
Old Mutual Ltd. (OMU:LON) | 49.6 0 0.0% | Mkt Cap: 2,379m
- Published:
05 Nov 2015 -
Author:
Bassem Neifer -
Pages:
2
Old Mutual released its Q3 Interim Management Statement. Total Q3 gross sales increased by 31% to £8,103m thanks to 45% growth to £5,502m in Old Mutual Wealth. Emerging Markets' gross sales grew only 8% to £2,601m. In 9M, total gross sales increased to £23,682m (+26%). In Q3, covered business APE and Non-covered business sales increased in Emerging Markets by 19% to R3,174m and 15% to R36,100m, respectively. FuM reached £319.4bn, perfectly stable relative to Dece